Arik Hesseldahl

Recent Posts by Arik Hesseldahl

Intel Acquires Silicon Hive, a Spin-Out From Philips

Silicon Hive, a start-up born and incubated inside the Dutch electronics concern Philips and spun out in 2007, has been acquired by chip giant Intel. Financial terms were not disclosed. The deal was announced by New Venture Partners, a venture capital firm that specializes in spun-out companies and which led a $10 million Series A in Silicon Hive in 2007 with TVM Capital and Philips. Intel Capital led an additional $7 million round in 2008. Silicon Hive designs and licenses chips used in imaging, video processing and communications, aimed at smartphones and consumer electronics.


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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus